Square introduces monthly pricing
by Kylene Casanova
Square commenced their merchant services in the USA with a flat 2.75% fee per swipe for mobile payments enabling anyone to accept credit and debit cards.
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Everyone is vulnerable to invoice fraud even banks
by Kylene Casanova
Everyone is vulnerable to invoice fraud. Lloyds TSB in the UK took a hit after one its workers was found to have submitted false invoice payments over a period of four years, before laundering the proceeds.
Guardian Analytics launches behaviour-based fraud prevention service for ACH transactions
by Kylene Casanova
Guardian Analytics, a US behavioural analytics fraud prevention software developer, have added a new ACH module to FraudMAP.
Access to 145 million active Chinese online shoppers via PAY.ON
by Kylene Casanova
PAY.ON have integrated China UnionPay (China CUP) and subsidiary ChinaPay into its PayPipe routing gateway. This development means that payment service providers and their merchants in the US, Europe and other parts
Dennis Sweeney to join BofA Merrill Global Transaction Services Business team
by Kylene Casanova
Dennis Sweeney has been named managing director and a Treasury Solutions Executive at the Global Transaction Services business of BofA Merrill. He will join in September and be based in New York.
MyTreasury new browser based platform, recent clients and integrations
by Kylene Casanova
Today MyTreasury launched their new browser based Investment Portal:
HSBC completes first RMB trade settlement in India
by Kylene Casanova
HSBC India has executed the first renminbi (RMB) denominated cross-border trade transaction in India for a major pharmaceuticals company, and said that the transaction had seen the bank join a growing list of HSBC e
European Commission launches tool to combat VAT fraud
by Kylene Casanova
A proposal for a Quick Reaction Mechanism (QRM), that would enable Member States to respond more swiftly and efficiently to VAT fraud, was adopted by the Commission today.
FXSpotStream starts bank to client production trading
by Kylene Casanova
FXSpotStream has completed the build out of its sites ahead of schedule and the service is now available globally from FXSpotStream's hosted sites in New York, London and Tokyo. FXSpotStream' s liquidity providers,
Use biometric debit cards to distribute payroll or benefits and minimise fraud
by Kylene Casanova
Since March, the South African Social Security Agency (Sassa) has worked with Net1 UEPS Technologies and Grindrod Bank to distribute more than 2.5 million MasterCard cards, which use biometrics to help fight fraud,
Bloomberg’s FX trading platform is selected by Vodafone Hutchison Australia
by Kylene Casanova
Vodafone Hutchison Australia (VHA), a 50:50 joint venture between telecommunications groups Vodafone and Hutchison 3G, has selected Bloomberg’s foreign exchange trading platform (FXGO) to manage exchange rate risk.
Cash is the fall back, cash is king
by Kylene Casanova
Fans attending the London Olympics football match between Team GB and the United Arab Emirates (UAE) at Wembley Stadium found that they could only purchase food and drink for cash after their card payments were reje
Use a smartphone to verify online purchases
by Kylene Casanova
A new solution is coming to verify online purchases more secure. SafePay Solutions, a Canadian authentication based company, has revealed plans to launch a new tool which uses a smartphone to verify online purchases
BofA Merrill expands Commercial Card coverage
by Kylene Casanova
New York and London: BofA Merrill today announced that its card solutions are now available in Argentina, the Czech Republic, Finland and Poland, as well as the Scandinavian countries of Denmark, Norway and Sweden.
mopay extends its mobile payments portfolio in the Middle East & North Africa
by Kylene Casanova
mopay, a global provider of online payment solutions, today announced the successful completion of its large-scale network extension initiative in the Middle East & North African (MENA) region.
Thomson Reuters Eikon adds tropical weather insight and analytics for energy market professional
by Kylene Casanova
Thomson Reuters has added tropical weather insight and analytics to its flagship information desktop, Thomson Reuters Eikon, to help financial markets professionals better understand the influence weather may have u
Australian-based global Forex provider, Vantage FX, introduces new platform for live trading
by Kylene Casanova
Vantage FX is the first, and only Australian regulated financial services firm offering the completely new MT5 trading software in a live trading environment.
Companies without formal fraud reporting procedures have a greater risk of fraud going unreported
by Kylene Casanova
London, UK: A recent survey by EuroFinance has revealed that over a third of finance professionals have witnessed serious financial wrongdoing in organisations they have worked in.
Swift launches cloud-based Alliance Lite2
by Kylene Casanova
Alliance Lite2 connects customers to the SWIFT network, enabling them to exchange messages and files with other SWIFT users. It is now commercially available worldwide following successful pilot (beta) testing with
BofA Merrill enhances its Global Liquidity Platform with Notional Pooling
by Kylene Casanova
NEW YORK: Bank of America Merrill Lynch today announced it has added Notional Pooling to its Global Liquidity Platform. Companies can utilize single and multi-currency notional pooling solutions to reduce capital co
Thomson Reuters and GFI Group have formed a JV with SDIC Trust to launch a FX and money brokerage in
by Kylene Casanova
The partners - Thomson Reuters, GFI Group and SDIC Trust - feel that they meet the prerequisites required to obtain an application for a licence and are preparing to file with regulators for the Beijing-based JV.
Surveys show UK companies are better payers than rest of Europe, but two in three UK Businesses are
by Kylene Casanova
The latest Payment Practices Barometer from Atradius showed that British businesses appear to be performing better than those across Western Europe when it comes to settling invoices on time.
ICD’s Transparency Plus® 3.0 enhances Exposure Analytics to include a wide range of fixed inco
by Kylene Casanova
San Francisco: Institutional Cash Distributors (ICD) today announced the release of Transparency Plus 3.0 (T+ 3.0), its latest exposure analytics application with new institutional investment features and risk manag
In the UK customers are increasingly willing to use alternative payment methods such as PayPal, clai
by Kylene Casanova
According to the British Retail Consortium (BRC) non-card methods, mainly e-payment systems such as PayPal, Google Checkout and Amazon Payments, were used in UK for 150 million transactions, worth £1.2 billion, last